Interim board for PetroTrade

ENERGY and Power Development minister Zhemu Soda is set to name an interim PetroTrade board to implement the results of a recent forensic audit.

The entire PetroTrade board was suspended in March this year following incidents that raised corporate governance concerns, in particular, the appointment of senior staff.

A team was appointed to look into the matter and a report was submitted to the Energy ministry, which showed that the appointment of senior staff was not done according to procedure.

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